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Last Word
A Conversation With Neil Underwood
As a teenager, Neil Underwood sold newspaper subscriptions door-to-door. “It gets you over the fear of ‘no’ pretty quickly,” he jokes. The cofounder and current director of $14.7 billion Live Oak Bancshares, an online small-business lender in Wilmington, North Carolina, is fearless about a lot of things — most notably failure. A general partner of Canapi Ventures, a venture fund with investments in 35 fintech firms, Underwood, 56, talked with Bank Director about the importance of having technology skills on the board and what keeps him awake at night. Banks today look more and more like technology companies. Does that…
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WRITTEN BY
John Engen
Contributing Writer
John Engen is a contributing writer for Bank Director. He has more than 30 years of experience as a business journalist, writing for a variety of newspapers and magazines, and was a foreign correspondent for the Associated Press. He graduated with a degree in economics and international relations from the University of Minnesota and did his post-graduate work in Asian studies at the University of Hawai’i.